DEXes · Review
ArcherSwap Review 2026: A Small Core Chain DEX With Farms and NFTs
ArcherSwap is a small automated market maker on Core Chain that offers swaps, farms and staking, with NFT and GameFi features mentioned. It has very little liquidity, and its homepage now points to a testnet.
By the DappsAtlas editorial team · Updated
DappsAtlas score
4.5/10
Weak
Our verdict on ArcherSwap
4.5/10ArcherSwap is a small AMM exchange on Core Chain with swaps, farms and staking, plus NFT and GameFi ambitions. It suits experienced DeFi users who want to explore a niche Core ecosystem and can handle thin liquidity. Its main strength is a familiar feature set with two listed audits. The main caveat is the lack of clarity: tiny TVL, a homepage pointing to an Elysium testnet, a token name that differs between sources, and no published fees or team details. Use small amounts and verify everything first.
Score breakdown
How ArcherSwap scores
- Security
- 4.0/10
- Ease of use
- 6.0/10
- Fees
- n/a
- Features
- 5.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is ArcherSwap?
ArcherSwap describes itself as a crypto world to trade, earn and game, aimed at projects on Core Chain. DefiLlama files it under DEXs and lists it on Core since March 2023. Its core product is an AMM with swaps, liquidity pools, farms and staking.
The project also mentions NFT and GameFi features. The pages reviewed give no detail on those, so the exchange and farming side is the part that can be described with any confidence.
The current homepage is titled for the Elysium testnet and talks about staking ARW and xARW, while DefiLlama lists the token as BOW. The project may have rebranded its token or moved deployments, and the pages reviewed do not explain it. Treat the setup as unsettled until the project's own channels confirm it.
TVL is about $38,000, with a reported 15.5% rise over seven days. At that size it is a very small venue.
How ArcherSwap works
ArcherSwap is an automated market maker. Instead of matching buyers and sellers, it holds pools of two tokens. A formula sets the price based on the ratio of the tokens in the pool, and each swap shifts that ratio.
Liquidity providers deposit both tokens into a pool and receive liquidity tokens. These earn a share of trading fees. The Farms page suggests those liquidity tokens can be staked for extra rewards, usually paid in the project's own token.
The project also offers an xBOW page, and its homepage mentions staking ARW and xARW. This points to a staking token that holders lock to receive a share of rewards, though the exact mechanics are not published on the pages reviewed.
6 features
Key features
01
AMM token swaps
Users swap tokens through liquidity pools rather than an order book, which is the standard AMM design.
02
Liquidity provision
Users can add tokens to pools and earn a share of trading fees. Farms are listed on the site.
03
Yield farms
Public reporting shows a Farms page where liquidity tokens can be staked for rewards.
04
xBOW staking
An xBOW page exists, and the homepage mentions staking ARW and xARW. This looks like a staking token for the native token.
05
NFT and GameFi tie-ins
The project description says it offers NFT and GameFi features alongside the exchange, though details are not published.
06
Extra product pages
Public reporting lists a page called Hunter, which appears to be an extra product, but its function is not described.
Pros and cons
What we like
- Covers the basics of a DEX: swaps, liquidity pools, farms and staking in one interface.
- DefiLlama lists two audits, which is more than many small projects show.
- Has been listed since March 2023, so it has some history.
- Focused on Core Chain, a smaller ecosystem where it aims to serve local projects.
- The site is described as having a clear, dark visual design.
Watch out for
- Small liquidity: DefiLlama shows only about $38,000 in TVL, so larger trades are likely to see heavy slippage.
- The homepage now describes an Elysium testnet deployment and names ARW and xARW, while listings name BOW and xBOW, which makes the current state unclear.
- The team, fee schedule and audit reports are not published on the pages reviewed.
- The GameFi and NFT features are mentioned in the project description, but little detail is available on how they work.
- Small AMMs on niche chains carry higher smart-contract, liquidity and token-price risk than large DEXs.
ArcherSwap fees
ArcherSwap does not publish a fee schedule on the pages reviewed. Swap fees, the split between liquidity providers and the protocol, and farm reward rates are not stated.
Users would normally see the fee on the swap screen before confirming and the reward rates on the Farms page. Network gas on the chosen chain applies in addition.
Is ArcherSwap safe?
DefiLlama lists two audits for ArcherSwap, but the auditors and reports are not named on the pages reviewed. Readers should find the reports and check that the audited contracts match the ones deployed. The team, admin keys and any timelocks are not published.
Like any DEX, funds in pools are exposed to smart-contract bugs, and farm rewards in a small native token can lose value quickly. With TVL under $40,000, a single large withdrawal could move prices sharply. The homepage's testnet label adds confusion over which deployment holds real funds. No hacks or incidents are mentioned in the pages reviewed, and the project does not state any regulatory status.
6 steps
How to get started with ArcherSwap
- 1
Open the official ArcherSwap site and check which network it expects, since the homepage references an Elysium testnet and DefiLlama lists Core.
- 2
Connect a compatible EVM wallet and switch to the network the app asks for.
- 3
Fund the wallet with the network's gas token and the tokens you want to trade.
- 4
Make a small test swap and check the quoted price impact and fees before confirming.
- 5
If you add liquidity or farm, read the pool details and understand impermanent loss first.
- 6
Keep a record of approvals and revoke any token allowances you no longer need.
Who ArcherSwap is for
ArcherSwap suits experienced DeFi users who already hold assets on Core Chain and want to try a small, niche exchange with farming. It is a poor fit for beginners, anyone making large trades, and people who need a clear team, published fees and a settled token.
ArcherSwap FAQs
What is ArcherSwap?
ArcherSwap is a decentralized exchange built around an automated market maker on Core Chain. Users can swap tokens, provide liquidity, farm and stake. The project also mentions NFT and GameFi features.
Which blockchain does ArcherSwap run on?
DefiLlama lists Core as the chain, and the project describes itself as a choice for projects on Core Chain. The current homepage is titled for the Elysium testnet, so check which network the app is connected to before using it.
What is the BOW token?
DefiLlama lists BOW as the token, and public reporting shows an xBOW page, which suggests a staked version of BOW. Its homepage refers to staking ARW and xARW, so the naming may have changed. The project's own pages are the place to confirm the current token.
Has ArcherSwap been audited?
DefiLlama lists two audits for ArcherSwap, but the reports and auditor names are not shown in the pages reviewed. Check the project's documentation for the reports before depositing. An audit reduces risk but does not remove it.
What are ArcherSwap's fees?
The fee schedule is not published on the pages reviewed. AMMs usually charge a swap fee shared with liquidity providers, plus network gas. The fee for each pool should be visible in the swap or liquidity interface.
Is providing liquidity on ArcherSwap risky?
Providing liquidity carries impermanent loss, smart-contract risk and token-price risk. Pools this small can also be volatile and hard to exit. Only use funds you can afford to lose and start with a small test transaction.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.